CHAUNCY GLOVER, LOCAL 4. Devin: WE'LL STAY WITH IT. Ruth: THANKS. AN ART COLLECTION THAT SOMEONE CALLED PRICELESS HAS BEEN TAGGED WITH A NEW DOLLAR VALUE THAT COULD PLAY A BIG ROLE IN DETROIT'S BANKRUPTCY PROCEEDINGS. WHAT EXPERT APPRAISERS ARE SAYING ABOUT THE DIA COLLECTION AND WE'VE HEARD SEVERAL NUMBERS TOSSED AROUND ALREADY THIS YEAR. WHAT MAKES THIS REPORT DIFFERENT? Steve: WELL, IT'S A VERY DETAILED REPORT, 112 PAGES AND IT DOESN'T LOOK SO MUCH AT SPECIFIC WORKS OF ART FROM THE DIA, BUT THE DIA IN RELATION TO THE WORLD ART MARKET BECAUSE THEY'RE ANSWERING ONE SIMPLE QUESTION: DOES IT MAKE SENSE TO SELL OFF THE ART TO PAY FOR THE DEBT? THIS REPORT SAYS NO. SUPPORTERS SAY IT MAKES NO SENSE TO SELL OFF ART. THE DAMAGE BY THE SALE IS MUCH, MUCH GREATER THAN TRYING TO WORK OUT BETTER OPTIONS. Steve: AMONG THE FINDINGS THAT OTHER MUSEUMS WILL LIKELY BOYCOTT THE SALE. SOTHEBY'S AND CHRISTIE'S MAY REFUSE TO CONDUCT A SALE. AND PROLONGED LITIGATE OF FIVE YEARS OR MORE. AND THERE'S THE ATTORNEY GENERAL'S OPINION THAT SAID EVERY WORK IN THIS BUILDING IS HELD IN CHARITABLE TRUST. Steve: IT HAS A TIMENTD VALUE OF ABOUT $3.6 BILLION. EXPECTED REVENUE FROM A FORCED SALE WOULD BE 1.1 TO $1.8 BILLION, LESS THAN 50 CENTS ON THE DOLLAR. EMERGENCY MANAGER KEVYN ORR MAKES IT CLEAR THAT SELLING THE ART WILL NOT GENERATE THE REVENUE THE CREDITORS CLAIM. THEY SUPPORT THE GRAND BARGAIN. IF A FORCED SALE OCCURS, THE PROCEEDS WILL BE DIVIDED AMONG ALL CREDITORS. THE GRAND BARGAIN GOES DIRECTLY TO PENSIONERS AND PENSIONERS ONLY, MONEY IN HAND, NO RISK INVOLVED, NO LITIGATION. Steve: ALSO A NEW YORK FINANCIAL FIRM HAS ESTIMATED THE VALUE AT $4.6 BILLION. BUT THE SAME SORT OF REVENUE ON A SALE, IT WOULD NOT BE A GOOD IDEA. BUT THE PENSIONERS MUST VOTE IF THEY WANT THE GRAND BARGAIN OR PUSH FOR SOMETHING ELSE.

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